LL Flooring Liquidates After Failing to Find a Buyer Amid Store Closures
LL Flooring Files for Chapter 11 Bankruptcy
LL Flooring, formerly known as Lumber Liquidators, is liquidating after failing to secure a buyer. The flooring company filed for Chapter 11 bankruptcy protection last month, stating that it was in negotiations with multiple interested parties. Unfortunately, these talks did not yield any offers, leading to the decision to wind down its operations.
Store Closures and Job Losses
As part of its liquidation process, LL Flooring will close 94 stores across the U.S. This decision impacts approximately 2,000 employees who are set to lose their jobs. The company originally launched in Stoughton, Mass., in 1994 under its former name, Lumber Liquidators.
Remaining Locations
- Closing sales will be held at roughly 200 retail locations.
- Operations will be shut down over the next 12 weeks.
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